Stocks Climb as AI-Led Rebound Enters Day Two: Markets Wrap
This content was published on
(Bloomberg) — A recovery in the artificial-intelligence trade carried into a second day, with oil prices falling as hostilities in the Middle East eased.
Partners Group Weighs €200 Million Cash Injection for Emeria
This content was published on
(Bloomberg) — Partners Group Holding AG is weighing an injection of fresh funds into Emeria SASU, a major portfolio company currently struggling with a heavy debt load.
Remembering the 1994 US World Cup, When Tickets Cost $25
This content was published on
(Bloomberg) — Top tickets to the 1994 World Cup finals in the US sold for $475. This year, finals tickets at MetLife Stadium in New Jersey are selling for more than $10,000.
UBS Reduces Asia ESG Staff by Half in Global Restructuring
This content was published on
(Bloomberg) — UBS Group AG has slashed its sustainability office in Asia, cutting its headcount by half in recent months as part of a broader global restructuring, according to people familiar with the matter.
‘Skillful Populism’ Has Swiss Set for Tight Population Cap Vote
This content was published on
(Bloomberg) — Switzerland is set for a nail-biter vote on a proposal to cap the population at 10 million, after a two-pronged push by campaigners that paired a polished appeal to sustainability-minded moderates with harsher anti-immigrant messaging.
Chip Stocks Rally in AI Trade Revival After Plunge: Markets Wrap
This content was published on
(Bloomberg) — Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep powering Corporate America.
Nestle’s Longtime PE Partner Drops Out of Bidding for Perrier
This content was published on
(Bloomberg) — Nestle SA’s long-time private equity partner, PAI Partners, has dropped out of the bidding for the consumer giant’s water business, people with knowledge of the matter said.
Swiss Lawmakers Tackle Foie Gras Appetite After Activist Push
This content was published on
(Bloomberg) — Swiss lawmakers want to reduce foie gras imports and keep the option of prohibiting them on the table if tougher labeling rules don’t curb demand for the controversial delicacy within five years.
Roche to Pay Nurix as Much as $2.3 Billion in Cancer Deal
This content was published on
(Bloomberg) — Roche Holding AG agreed to pay Nurix Therapeutics Inc. as much as $2.3 billion for rights to an experimental blood-cancer drug, betting it can help patients whose disease stops responding to existing treatments.
Partners Co-Founder Gantner Blames Short-Seller for Share Slump
This content was published on
(Bloomberg) — Partners Group Holding AG co-founder Alfred Gantner said the firm’s recent share-price decline was a “massive overreaction” and blamed unfounded attacks by short-seller Grizzly Research.
Swiss Army’s Push to Keep Soldiers Is Going to the Ballot Box
This content was published on
(Bloomberg) — Switzerland’s struggle to keep its military staffed at a time of global geopolitical tensions is about to play out with a national vote on the terms of conscription.
Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap
This content was published on
(Bloomberg) — Wall Street’s historic weekly run came to a halt, with stocks hit by a tech selloff and higher bond yields after a solid jobs report added to bets the Federal Reserve’s next interest-rate move will be a hike.
Switzerland Speeds Anti-Drone Procurement as Incursions Rise
This content was published on
(Bloomberg) — Switzerland’s army chief said the country is fast-tracking the purchase of anti-drone systems as incursions mount over civilian and military infrastructure.
Nestle CEO Joins Warnings Against Swiss Population Cap Idea
This content was published on
(Bloomberg) — Nestle SA Chief Executive Officer Philipp Navratil warned Swiss citizens not to take its business-friendly environment for granted ahead of a national vote on a proposal to cap the population at 10 million.
HSBC Charged in French Probe Into Embezzled Lebanese Funds
This content was published on
(Bloomberg) — HSBC Holdings Plc’s Swiss unit was charged in Paris as part of an investigation into suspicions it helped a former Lebanese central bank Governor embezzle funds, according to French financial prosecutors.
Dow Average Hits Peak as Old-School Stocks Beat AI: Markets Wrap
This content was published on
(Bloomberg) — Wall Street drove a rotation out of chipmakers into several other industries that tend to benefit from a resilient economy after Broadcom Inc.’s underwhelming outlook tested the artificial-intelligence trade.
UBS CEO Says Swiss Population Cap Is ‘Not the Solution’
This content was published on
(Bloomberg) — UBS Group AG Chief Executive Officer Sergio Ermotti said he worries about Switzerland’s proposed population cap initiative, saying this is not a solution to the country’s problems.
Swiss Funds With $270 Billion to Blacklist Big Oil’s Bonds
This content was published on
(Bloomberg) — Swiss institutional investors managing more than $270 billion in combined assets plan to stop buying debt issued by some of the world’s biggest oil and gas producers.
Partners Group Likely to Cap Flagship US Evergreen Fund
This content was published on
(Bloomberg) — Partners Group Holding AG said it is ready to gate other evergreen funds including a flagship US evergreen fund amid rising pressure from investors to access liquidity, a day after the announcement of a first such move prompted a slump in the Swiss firm’s stock.
